Climate (as well as other ESG topics) is high up on the agenda since countless years, including for financial institutions, and has now also reached the average investor’s attention and Swiss financial market regulation. In addition to long-established voluntary standards and private initiatives, FINMA plans to revise its circulars on public disclosure for climate-related financial risks of banks and insurers in line with these standards.

By Benjamin Leisinger (Reference: CapLaw-2021-05)